| Citigroup buys into open source |
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A senior architect at the financial services giant Citigroup said on Monday that the company is using a lot of open source software, but that such software is mainly useful for horizontal applications that do not offer the bank significant competitive advantage.
"We make extensive use of open source [for trading systems], and I expect it will continue to be a very big part of what we do for the next few years," said Jeremy Lehman, the chief software architect at Citigroup's Global Equities group, during a talk on open source trading applications at the Linux on Wall Street Conference in New York.
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